What is Global Ginkgo Biloba Extract Market?
The Global Ginkgo Biloba Extract Market is a comprehensive study of the current trends, growth indicators, and market dynamics of the Ginkgo Biloba Extract industry. Ginkgo Biloba, a native tree of China, has been widely cultivated across the globe for its medicinal properties. The extract derived from its leaves is used in various forms such as tablets, capsules, and liquid extracts. The market for this extract is growing due to its wide range of health benefits, including improved cognitive function, reduced symptoms of psychiatric disorders, and enhanced heart health. The global market for Ginkgo Biloba Extract was valued at US$ 187.2 million in 2022 and is projected to reach US$ 262.7 million by 2029.
Tablets, Capsules, Liquid Extracts in the Global Ginkgo Biloba Extract Market:
The Global Ginkgo Biloba Extract Market is segmented based on product types such as tablets, capsules, and liquid extracts. Tablets and capsules are the most common forms of Ginkgo Biloba Extract available in the market. They are easy to consume and have a longer shelf life compared to liquid extracts. Liquid extracts, on the other hand, are gaining popularity due to their faster absorption rate and higher bioavailability. The choice of product type depends on the consumer's preference, health condition, and the advice of healthcare professionals.
Stroke and Other Central Nervous System Disease, Memory Decline and Other Brain Function Decline Disease in the Global Ginkgo Biloba Extract Market:
The Global Ginkgo Biloba Extract Market finds its application in the treatment of various diseases such as stroke and other central nervous system diseases, memory decline, and other brain function decline diseases. Stroke is a medical condition that occurs when the blood supply to a part of the brain is interrupted or reduced, preventing brain tissue from getting oxygen and nutrients. Ginkgo Biloba Extract is known to improve blood flow to various parts of the body, including the brain, and thus, it is used in the treatment of stroke. Similarly, it is used in the treatment of memory decline and other brain function decline diseases due to its neuroprotective properties.
Global Ginkgo Biloba Extract Market Outlook:
The global Ginkgo Biloba Extract market has shown significant growth and is expected to continue this trend in the coming years. In 2022, the market was valued at US$ 187.2 million and is projected to reach US$ 262.7 million by 2029, growing at a CAGR of 4.9% during the forecast period of 2023-2029. Europe holds the largest share of the market, contributing to about 45% of the total revenue. China follows closely, accounting for about 37% of the market revenue. Ipsen, a global specialty-driven pharmaceutical group, is the leading manufacturer of Ginkgo Biloba Extract, holding about 30% of the market revenue.
| Report Metric | Details |
| Report Name | Ginkgo Biloba Extract Market |
| Accounted market size in 2023 | US$ 197.2 million |
| Forecasted market size in 2029 | US$ 262.7 million |
| CAGR | 4.9 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | Ipsen, Schwabe, Tokiwa, Nuokete, Zhongbao, CONBA Pharmaceutical, Green-Health Pharmaceutical, Delekang, Wagott, Sine Promod Pharmaceutical, Huisong |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
